{"id":5713,"date":"2019-07-03T06:14:29","date_gmt":"2019-07-03T06:14:29","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=5713"},"modified":"2019-07-03T06:14:29","modified_gmt":"2019-07-03T06:14:29","slug":"govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/","title":{"rendered":"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report"},"content":{"rendered":"<p style=\"text-align: justify;\">The government is working on a Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and\u00a0Mahanagar Telephone Nigam (MTNL),\u00a0reported<em> The Times of India<\/em>.<\/p>\n<p style=\"text-align: justify;\">The scheme consists of an attractive exit package\u00a0of an additional\u00a0five percent compensation (ex-gratia) and provisions for 4G spectrum and capital expenditure, the report said.<\/p>\n<p style=\"text-align: justify;\">BSNL is India\u2019s largest loss-making state-run entity, with losses estimated at Rs 13,804 crore as of FY19-end. MTNL comes third with a loss of Rs 3,398 crore. Only national carrier Air India has a higher loss than MTNL.<\/p>\n<div class=\"hide-moblie mid-arti-ad\" style=\"text-align: justify;\">\n<div id=\"Moneycontrol_Mobile_WAP\/MC_WAP_News\/MC_WAP_News_Internal_OutStream\">Of the proposed bailout, around Rs 20,000 crore will be allotted for 4G spectrum\u00a0and Rs 40,000 crore for a voluntary retirement scheme (VRS) and early retirement benefits.\u00a0The two PSUs will, however, pay approximately Rs 13,000 crore on capital expenditure .<\/div>\n<\/div>\n<p style=\"text-align: justify;\">The government feels lowering the retirement age to 58 from 60 and offering a decent VRS package will lower cost\u00a0at the loss-making companies, the report said.\u00a0The move would enable them to aggressive target new tariff plans.<\/p>\n<p style=\"text-align: justify;\">Recently, BSNL said it has cleared employees\u2019 salaries for June. It added that it is awaiting clearance of dues worth Rs 14,000 crore from the Department of Telecommunications (DoT).<\/p>\n<p style=\"text-align: justify;\">The government is also looking at monetising assets like towers, land bank and optical fibre of BSNL and MTNL.\u00a0A draft Cabinet note has been circulated on the subject, the report added.<\/p>\n<p style=\"text-align: justify;\">DoT\u00a0said the bailout is a better option than shuttering the two PSUs, which will cost Rs 1.2 lakh crore, the report stated.\u00a0The department is of the view that a strategic divestment may not find too many buyers, given the financial pressure in the telecom sector.<\/p>\n<p style=\"text-align: justify;\">A joint venture between MTNL and BSNL is an option, the department added.<\/p>\n<p style=\"text-align: justify;\">BSNL and MTNL have been struggling to compete with private players in the sector because of high costs and poor management. Neither company has rolled out 4G services, while private companies launched their offerings a few years back.\u00a0Average revenue per user (ARPU) of these two telcos stands at Rs 38 compared to Rs 70 for private players.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is working on a Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and\u00a0Mahanagar Telephone Nigam (MTNL),\u00a0reported The Times of India. The scheme consists of an attractive exit package\u00a0of an additional\u00a0five percent compensation (ex-gratia) and provisions for 4G spectrum and capital expenditure, the report said. BSNL is India\u2019s largest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[4110,350,3393],"class_list":["post-5713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","tag-bailout-plans","tag-bsnl","tag-mtnl"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report - Finance Intellect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"The government is working on a Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and\u00a0Mahanagar Telephone Nigam (MTNL),\u00a0reported The Times of India. The scheme consists of an attractive exit package\u00a0of an additional\u00a0five percent compensation (ex-gratia) and provisions for 4G spectrum and capital expenditure, the report said. BSNL is India\u2019s largest [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-03T06:14:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Team Finance Intellect\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Finance Intellect\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/\"},\"author\":{\"name\":\"Team Finance Intellect\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\"},\"headline\":\"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report\",\"datePublished\":\"2019-07-03T06:14:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/\"},\"wordCount\":352,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg\",\"keywords\":[\"bailout plans\",\"BSNL\",\"MTNL\"],\"articleSection\":[\"Economy and Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/\",\"name\":\"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report - Finance Intellect\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg\",\"datePublished\":\"2019-07-03T06:14:29+00:00\",\"author\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\"},\"breadcrumb\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#primaryimage\",\"url\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg\",\"contentUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg\",\"width\":960,\"height\":540},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financeintellect.com\/home-page\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/\",\"name\":\"Finance Intellect\",\"description\":\"Get business and finance insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\",\"name\":\"Team Finance Intellect\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g\",\"caption\":\"Team Finance Intellect\"},\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report - Finance Intellect","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/","og_locale":"en_US","og_type":"article","og_title":"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report - Finance Intellect","og_description":"The government is working on a Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and\u00a0Mahanagar Telephone Nigam (MTNL),\u00a0reported The Times of India. The scheme consists of an attractive exit package\u00a0of an additional\u00a0five percent compensation (ex-gratia) and provisions for 4G spectrum and capital expenditure, the report said. BSNL is India\u2019s largest [&hellip;]","og_url":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/","og_site_name":"Finance Intellect","article_published_time":"2019-07-03T06:14:29+00:00","og_image":[{"width":960,"height":540,"url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg","type":"image\/jpeg"}],"author":"Team Finance Intellect","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Team Finance Intellect","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#article","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/"},"author":{"name":"Team Finance Intellect","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e"},"headline":"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report","datePublished":"2019-07-03T06:14:29+00:00","mainEntityOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/"},"wordCount":352,"commentCount":0,"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg","keywords":["bailout plans","BSNL","MTNL"],"articleSection":["Economy and Politics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/","url":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/","name":"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report - Finance Intellect","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#primaryimage"},"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg","datePublished":"2019-07-03T06:14:29+00:00","author":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e"},"breadcrumb":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#primaryimage","url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg","contentUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg","width":960,"height":540},{"@type":"BreadcrumbList","@id":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-work-on-rs-74000-crore-bailout-for-bsnl-mtnl-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financeintellect.com\/home-page\/home\/"},{"@type":"ListItem","position":2,"name":"Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report"}]},{"@type":"WebSite","@id":"https:\/\/financeintellect.com\/home-page\/home\/#website","url":"https:\/\/financeintellect.com\/home-page\/home\/","name":"Finance Intellect","description":"Get business and finance insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e","name":"Team Finance Intellect","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4c0a180f6df33c7efda4a01bbf6d8981f70509af7fcc506a312b85cf5162f186?s=96&d=mm&r=g","caption":"Team Finance Intellect"},"url":"https:\/\/financeintellect.com\/home-page\/home\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/bsnl.jpg","_links":{"self":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/comments?post=5713"}],"version-history":[{"count":1,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5713\/revisions"}],"predecessor-version":[{"id":5714,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/5713\/revisions\/5714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media\/1004"}],"wp:attachment":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media?parent=5713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/categories?post=5713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/tags?post=5713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}